The Sage Group (LON:SGE) Upgraded by Canaccord Genuity Group to “Buy” Rating

Canaccord Genuity Group upgraded shares of The Sage Group (LON:SGE) to a buy rating in a research report report published on Monday, Marketbeat.com reports. They currently have GBX 1,135 target price on the stock, up from their previous target price of GBX 1,100.

Several other research analysts have also commented on SGE. Jefferies Financial Group lifted their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Panmure Gordon restated a “hold” rating and set a GBX 1,300 target price on shares of The Sage Group in a research report on Thursday, November 20th. JPMorgan Chase & Co. reduced their price target on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Finally, Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, The Sage Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,247.

The Sage Group Stock Performance

Shares of The Sage Group stock opened at GBX 966.01 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The Sage Group has a 52 week low of GBX 945 and a 52 week high of GBX 1,349. The firm’s 50 day moving average is GBX 1,059.76 and its two-hundred day moving average is GBX 1,104.69. The firm has a market capitalization of £9.18 billion, a P/E ratio of 26.00, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last issued its quarterly earnings data on Wednesday, November 19th. The company reported GBX 43.20 earnings per share for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. Research analysts forecast that The Sage Group will post 42.1496095 EPS for the current fiscal year.

The Sage Group declared that its board has initiated a stock repurchase program on Wednesday, November 19th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other The Sage Group news, insider Jonathan Howell sold 88,727 shares of The Sage Group stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £944,942.55. Also, insider Steve Hare sold 127,828 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £1,361,368.20. 0.95% of the stock is currently owned by insiders.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.